Global Sodium Acetate Market: Drivers, Trends, and Patent Analysis
Sodium acetate is also known as the sodium salt of acetic acid or sodium ethanoate, and the compound has many usages in the food industry. The high demand for it is due to its ability to preserve dairy products and the factor is expected to continue stroking the demand in the global sodium acetate market. Apart from the food industry, the compound also has applications in the industries of textile, water treatment, rubber industry, cotton processing, chemicals industry, and cosmetics. Sodium acetate is also eco-friendly and economical than other frequently used alternatives. With such a wide range of end-user industries, the market growth is forecasted to propel during the forecast period of 2018 to 2023, according to a recent research report from IndustryARC.
As per the patents analysis done by the IndustryARC’s business intelligence, there have been a total of 1622186 patent cases during the period Jan 2015 to Oct 2018 across the globe. These patent cases include 884094 patent applications, 727469 granted patents, 6032 amended patents, 2546 search reports, 925 limited patents, 905 unknown patents, 121 ambiguous, 88 statutory invention registration, and 6 abstracts. The major drivers of the sodium acetate market are the growth in consumption of processed foods by consumers and the introduction of more retail stores dealing with the demand for preserved foods. Sodium acetate being an FDA-approved food additive is the most preferable choice in the food and beverages industry. The companies referred in the market research report are American Elements, Mitsubishi Chemical Corporation, Spectrum Chemical Manufacturing, and 10 others.
The United States Leads among the Patents Applicants
From all of these patents, Fuji Photo Film Co Ltd, is the top applicant, has filed 5793 patents for Sodium Acetate. According to the regional outlook of patents applications, the U.S. with 897472 patents for sodium acetate is standing at the top. Australia has 257845 and Europe has 150040 patents for sodium acetate.
Fuji Photo Film Co. Ltd. is the top applicant to file the highest number of patents for different kinds of sodium acetate that include 4190 granted patents such as cellulose acetate solution and process for the preparation of the same, method of producing optical compensating film, circularly polarizing plate and liquid crystal display, polarizer with protective film consisting of one cellulose acetate film having particular parameters. 1681 patent application such as concentrated fixing solution and method for processing silver halide photographic material using the same, azolinyl acetic acid derivative, and azolinyl acetic acid derivative containing recording material. From Fuji Photo Film Co Ltd Taguchi Toshiki is the inventor who has filed 88 patents.
BASF is the company from the chemical industry has 4723 patents, including 3681 granted patents and 1042 patent applications of sodium acetate. It has filed patents for various kinds of sodium acetate that include granted patents such as stabilized water-containing sodium dithionite formulations, which have been rendered alkaline, preparation of cyclic acetals of 3-formyl-2-butenyltriphenylphosphonium chloride, 3-chloro-3-methyl-butane-1 4-dial-bis-acetals and 3-methyl-but-2-ene-1 4-dial-bis-acetals a process for the preparation of these compounds and their use and so on and patent application such as methods for processing beta-sulphatoethylsulphonylaniline-2-sulphonic acid, process for preserving fresh produce and coating composition therefore, use of vinyl acetate-sulfonate copolymers as solubilizer for slightly water solvable compounds and so on. Ammermann Eberhard is an inventor who has filed 235 patents in BASF on different types of sodium acetate.
Merck Sharp &Dohme Corp is a company with 1811 patents including 690 patent application and 1121 granted patents. It has field patents for various kinds of sodium acetate that include process for {3-[2(r)-[(1r)-1-[3,5-bis(trifluoromethyl)phenyl]Ethoxy]-3(s)-(4-fluorophenyl)morpholin-4-yl]Methyl]-5-oxo-4,5-dihydro-[1,2,4]-triazol-1-yl}phosphonic Acid, tablet formulation for CGRP active compounds, indole derivatives as crth2 receptor antagonist, (s)-n-(3-(6-isopropoxypyridin-3-yl)-1h-indazol-5-yl)-1-(2-(4-(4-(1-methyl-1h-1,2,4-triazol-3-yl)phenyl)-3,6-dihydropyridin-1(2h)-yl)-2-oxoethyl)-3-(methylthio)pyrrolidine-3-carboxamide,compositions for pharmaceutical preparations and so on. Kuduk Scott D is an inventor who has filed 118 patents in Merck Sharp &Dohme Corp
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